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China investigates Meituan and Alibaba units for suspected violations of competition laws
Source: reuters.com
Regulation & LegislationAntitrust & CompetitionLegal & Litigation
China's market regulator is investigating Meituan unit Beijing Sankuai Information Technology for suspected violations of unfair-competition laws, according to CCTV. The probe creates regulatory and potential legal risk for Meituan, though the report did not specify alleged conduct, possible penalties, or financial impact.
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